SELL WAB · April McClain Delaney

A high grade is not an allegation. Every input is public, and buying into an industry you work on daily is ordinary expertise. What the trade actually returned is deliberately excluded from this score and shown separately below.

It is also not a forecast. Measured across every settled trade, A-graded ones did not beat E-graded ones to any significant degree — the method page prints the table. This score says a trade looks like a decision rather than administration, and nothing more.

The filing it came from

filed in 3 days Inside two weeks - most of the following year was still available to anyone reading the filing.

No matching purchase on file. This member has no earlier disclosed purchase of WAB in this account, so the position was almost certainly opened before these records begin in 2019. About 45% of sales are in this situation.

This is a sale, and the strategy does not act on it. It records the member closing a position; it is not a short signal and not an instruction to sell. Exiting when members disclose selling, rather than at twelve months, cut in-remit alpha from +6.76% to +3.57% — a cost of 6.50 points on the trades it changed. See the method.

This filing disclosed 15 transactions in total, of which 2 share this trade date (30 Jan 2026).

Few other trades share this date, so this reads as a discrete decision rather than a portfolio sweep.

Filed 02 Feb 2026 · source PDF

Same day: PTC

Price

52-week range $184.98 – $305.79. The marker is the entry: the first market open after this filing became public.

Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equ…

https://www.wabteccorp.com

Outside this member's committee jurisdiction (aerospace, agriculture, commodities, technology).

Expressing this with options

An illustration, not a recommendation: the nearest listed expiry to a twelve-month horizon, struck near the money. Chains are live — Yahoo publishes no historical chains, so this is priced today, not when the filing was made, and the move it describes may already have happened.

Outcome

Measured from the first open after disclosure — the earliest anyone reading this could have acted. The highlighted now row sits at its true place in the sequence, so where it falls tells you how long the position has run. The last 9 rows are blank because those windows have not closed yet: this trade was entered —, so anything longer than that is still running.